Time to Read: 7 mins
Checkpoints is a comprehensive monthly chartbook highlighting major top-of-mind themes that could shape financial markets in the near term. In addition to the broader macroeconomic discussion, Checkpoints delivers detailed views on major asset classes, including global equities, fixed income and real assets.
BABR-874758-2026-01-27 | GU-787-31 May 2026
The Supreme Court of the United States (SCOTUS) announced in a 6-3 ruling that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) exceeded the powers of the president.
Today’s global economy is defined by a significant imbalance — the U.S.’ large, persistent trade deficit. Expectations for continued U.S. economic strength, which keeps domestic consumption elevated and attracts foreign capital, is the primary reason for the imbalance.
Advanced economies are grappling with historically high levels of sovereign debt.
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